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NEW DELHI, Nov. 13 -- India said Thursday it has resolved impasse with the United States over World Trade Organization (WTO) talks on easing global customs rules and New Delhi will present its proposal to the WTO soon.

Indian Commerce Minister Nirmala Sitharaman said that an agreement has been reached with the United States on the issue of food stockpiling.

The deal would open the way to implementing the Trade Facilitation Agreement (TFA), which the WTO failed to sign in July due to boycotting by New Delhi, she added.

India has asked for a permanent solution to food stockholding instead of a restricted period of four years, as was originally decided during the WTO ministerial meeting in Bali last year.

"Point of difference was there that the Bali agreement was imperfect, which had to be corrected. It's a course correction that we wanted," Sitharaman told the media here. India has rejected demand to cut its food stockpiling and subsidies, saying it has to feed over 1 billion people, half of them poor.